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Compost Wholesalers presently uses a public warehouse agreement to finance most of its inventory. The average amount of inventory is $ 3 , 0 0

Compost Wholesalers presently uses a public warehouse agreement to finance most of its inventory. The average amount of inventory is $3,000,000, the bank lends Compost's 70 percent of the value of the inventory for five weeks, and the public warehouse fee is $2,500 per week. Total transportation cost for the loan period is 1.5 percent of the average value of the inventory [that is,(0.015)($3,000,000)], the bank will loan at 6% annum rate.
A. Find the loan amount
B. Find the interest
C. Find other costs/fees
D. Find m and period rate
E. Find the annual percentage rate (APR)
F. Find the effective annual cost (EAR)

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